The dollar began to decline after yesterday's press conference of Jerome Powell. The raising of the interest rate by 25 basis points and the publication of strong data on the real estate market took place before. Despite expectations, the dollar was sold by investors.
Good labor market data came out yesterday in the UK, and retail sales indices will be published today. The decision on the interest rate was also published. It is expected that the Bank of England will leave it at the current level and the rate will be 0.5%.
Given the current trend and the forecasted data, we look forward to the further growth of the pair and will look for points to enter long positions. Our pair has overcome the mark of 1.4130 and our next goals will be the achievements by the price of the marks 1.4260 and 1.4310.
